Mavco, Inc. needs $246500 in 4 years to pay

by | Mar 18, 2020 | Uncategorized

  

Mavco, Inc. needs $246500 in 4 years to pay off a large balloon payment on a loan.. How much does the company need to deposit today in an account earning 4% interest in order to
have suf?cient funds for this? (Round your answer to the nearest dollar)

You are planning to invest $600 in a real estate investment trust earning 6% interest. How much money will you have after 9 years? (Round your answer to the nearest
dollar)

At the end of every year, you put $835 into a special account you like to call ‘For a rainy day’. Assuming the account eams 8% annually, how much will be in the account after 15
years? (Round your answer to the nearest dollar)

  

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